“We look forward to what is to come, including our launch of Microsoft Mesh, a new platform for connection and collaboration, starting by enabling workplaces around the world,” Microsoft said.

“In the near term, we are focusing our VR efforts on workplace experiences, learning from and alongside our early customers and partners, and ensuring we deliver a foundation that enables security, trust and compliance.

Over time, we hope to extend to consumer experience[s] a[s] well."

The announcement comes after the company said it would lay off 10,000 employees.

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